An increase in the price level means that

A) long-run aggregate supply has increased.
B) monetary policy has been contractionary.
C) the value of the dollar has increased.
D) the purchasing power of money has fallen.


D

Economics

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Crowding out can occur when public insurance crowds out private insurance.

A. True B. False C. Uncertain

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Suppose the accompanying figure shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist.At this monopolist's profit-maximizing level of output, its total revenue equals the area:

A. 0HNC. B. 0FJB. C. ELJB. D. 0FLE.

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During times of financial hardship, the number of people on public assistance ______, causing aggregate demand to ______.

a. decreases; decrease b. increases; increase c. decreases; increase d. increases; decrease

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Governments like to know the price elasticity of demand because it helps them determine how changes in sales tax rates will affect:

A. tax revenues. B. government spending. C. income. D. profits.

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